TLTRO to be ‘significant driver’ of European bank issuance
![The Euro sign, the official currency of the Eurozone in the European Union. Photo:Jeff Gilbert](https://assets.euromoneydigital.com/dims4/default/b9f0732/2147483647/strip/true/crop/5616x3744+0+0/resize/840x560!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Ff2%2F89%2F5ee28810460797130f6656ecc5f5%2Fcbdarc.jpg)
◆ ECB repayments to influence banks’ covered and SP issuance ◆ But TLTRO repayments less important than this year ◆ Large pre-funding could mean lighter January supply
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